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With the recent drastic decline in oil prices, demand for new ship propulsion technologies would appear to be on the wane, but a new report from UK ship classification society Lloyd’s Register has concluded that operators could still see significant cost savings within relatively short ...

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  • Barry Parker

    April 22, 2015 at 7:16 pm

    Efforts are underway on the finance front where the retrofit equipment (or the fuel saving feature- if a newbuild) could be financed from the stream of “savings”. Clearly declining fuel cost has increased the time of payback. I wrote an article on this subject in late 2014 for “THe Maritime Professional”.